Towerstream touts first quarter growth

MIDDLETOWN – Fixed wireless service provider Towerstream Corp. says it has seen a significant improvement in revenue growth and customer acquisition and retention over 2006. Throughout the first quarter of 2007, Towerstream continued to expand capacity, build out the sales team, add senior management in key departments, and execute on its business model, the company said in a news release. It also expanded into Seattle and Miami.
The firm’s first quarter 2007 results included an increase of nearly 47 percent in the average monthly revenue per customer and an increase of 13 percent in installation rates per salesperson.
“This has been a very exciting period for Towerstream as we transitioned from a private to a public company,” said Jeff Thompson, president and CEO of Towerstream.
Founded in 2000, the company has established pre-WiMAX networks in markets such as New York City, Los Angeles, Chicago, San Francisco, Seattle, Miami, the greater Boston area, and Providence and Newport.